Charlotte Avenue site to get apartment complex

Stonehenge's 171 units are part of mixed-use project

Feb. 18, 2014

Austin Ray / Larry McCormack / File / The Tennessean

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Stonehenge Real Estate Group is expected to develop a 171-unit apartment complex as part of a larger mixed-used project proposed for the corner of 46th and Charlotte.

A one-story retail building with space for up to five tenants is also planned as part of the development on property that includes the site of a former church. Austin Ray, owner of M.L. Rose Craft Beer & Burgers, is expected to develop the retail portion.

Representatives for both developers presented the new details about the proposed project at a recent meeting of the Sylvan Park Neighborhood Association. “Overall, it was very well-received,” said Chris Schlueter, president of that neighborhood group.

Previously, neighbors had opposed plans for a drug store on the property and the razing of the former Charlotte Avenue Church of Christ. At last week’s meeting, a few residents said they wished the apartment building was one floor shorter.

“You could tell they’d done their homework and studied the traffic flow, which was a concern of the neighborhood,” Schlueter said. “We’d like the commercial development to stay along Charlotte and to keep the neighborhood inside Sylvan Park residential.”

Ray, who along with local real estate investor Nick Spiva are partners in the property ownership entity 4508 Charlotte Pike Partners, couldn’t be reached for comment. Last year, that partnership paid $1.8 million for the roughly 1.72 acres of property.

At the community meeting, neighbors learned that the developers hope to start work on the project this summer. The apartments would face 46th and Charlotte, while the retail component would be close to M.L. Rose’s location off Charlotte, Schlueter said.

Roughly 80 percent of the apartment units will have one bedroom, while the rest will be two-bedroom units. Monthly rents should be around $1,200.

The four-story apartment complex would be the latest local multifamily project for Nashville-based Stonehenge. Among other projects, the company is building the 153-unit Artisan on 18th at Chet Atkins Place and 18th Avenue South, and is co-developer of the 266-unit 23Hundred at Berry Hill apartment community at 2300 Franklin Pike.